Tensions between the United States and European Union are escalating—again. On May 7, the European Commission launched a public consultation on potential retaliatory tariffs targeting a wide swath of U.S. goods. This move comes amid stalled negotiations to resolve newly imposed U.S. duties, including a 20% tariff on EU products and 25% on vehicle imports. The Stakes: €95 Billion in U.S. Goods at Risk The … Read More
Trump Halts Tariffs on Mexican Imports – But for How Long?
The trade landscape took another sharp turn this week as President Donald Trump announced a temporary pause on tariffs for Mexican goods covered under the United States-Mexico-Canada Agreement (USMCA). This decision, which grants a reprieve until April 2, comes amid heightened economic uncertainty, market fluctuations, and growing concerns from businesses about rising costs. A Strategic Pause Amid Trade Tensions After discussions with Mexican President Claudia … Read More
Are Ocean Carriers Headed Back into Choppy Financial Waters?
A ceasefire in the war between Israel and Hamas has opened fresh considerations for the global shipping sector, which is already grappling with a range of economic and geopolitical challenges. Over the past few years, the ocean shipping industry has been on a rollercoaster of market volatility, with disruptive economic conditions and shifting supply chain demands driving cargo rates skyward—at least until recently. Now, many … Read More